Stock Markets

Stock Markets trade lower due to weak global cues

Stock Markets trade lower due to weak global cuesNSE Nifty was down by 51 points at 1 pm IST at 4341 while BSE Sensex was down by 188 points. Following weak global trend, Indian stock markets opened lower on Tuesday and slipped further during the first two hours of trading session. US Markets closed weak on Monday and Asian stocks opened lower on Tuesday.

In today’s session, Auto and Banking stocks were among major losers. IT Stocks were looking better compared to other sectors.

Tokyo stocks fall more than 2 per cent on Wall Street drop

Tokyo stocks fall more than 2 per cent on Wall Street drop Tokyo - Tokyo stocks lost more than 2 per cent Tuesday on overnight falls in the US market.

The Nikkei 225 Stock Average tumbled 349.02 points in morning trading, or 2.65 per cent, to 12,816.43.

The broader Topix index of all first-section issues was also down 31.19 points, or 2.47 per cent, at 1,263.75.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 110.10-15 yen, down from Monday's 5 pm quote of 110.25-26 yen.

Taiwan stocks plunge 2.72 per cent on fund outflows, scandal

Taiwan stocks plunge 2.72 per cent on fund outflows, scandalTaipei - Taiwan's stockmarket plunged 2.72 per cent Monday amid bearish sentiment triggered by foreign fund outflows and a money laundering scandal allegedly implicating former Taiwan president Chen Shui-bian and his family, dealers said.

The Weighted Price Index of the Taiwan Stock Exchange, which opened lower with weak momentum, extended its downward trend to end at 7,000.74, a plunge of 195.76 points or 2.72 per cent, from the previous trading session.

Sensex Trades Firm

The 30-share index BSE Sensex, which opened with a loss of 43.04 points at Sensex Trades Firm14,681.14, continued to trade in the positive terrain on account of good buying action witnessed in index heavyweights.

Bankex and IT index outpaced other segments. The counters gained marginally 1.47% and 1.13% respectively.   

At 11:54 am, the 30-share index Sensex gained 60.09 points at 14,784.27, after touching a high of 14,824.92 and a low of 14,602.12.

Meanwhile the broad based Nifty stood at 4,430.45, up 0.25 points, after hitting a high of 4,447.40 and a low of 4,384.65.

Tokyo stocks end morning trading higher on bargain-hunting

Tokyo stocks end morning trading higher on bargain-huntingTokyo - Tokyo stocks ended morning trading higher Monday as investors bought back battered shares in the financial and real estate sectors.

The Nikkei 225 Stock Average gained 231.06 points, or 1.77 per cent, to 13,250.47.

The broader Topix index of all first-section issues was also up 26.37 points, or 2.11 per cent, at 1,273.68.

The Tokyo market opened lower, but investors looking for bargains scooped up shares, prompting a recovery.

Arab bourses cautious over Iran standoff, lack of moving factors

Iran, EU reiterate willingness to resume nuclear talks Amman - Arab stock markets lost further ground this week as the continuation of the dispute over the Iranian nuclear file and the lack of factors moving the markets negatively influenced decisions of investors, financial analysts said Friday.

However, the drastic decline in stock prices over the past few weeks prompted a buying wave in the Kuwaiti and United Arab Emirates stock exchanges that gave the impression stock prices could be bottoming out, they added.

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